Leavell Investment Management Inc. decreased its position in shares of Home Depot, Inc. (The) (NYSE:HD) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,076 shares of the home improvement retailer’s stock after selling 423 shares during the quarter. Home Depot, Inc. (The) comprises approximately 1.0% of Leavell Investment Management Inc.’s investment portfolio, making the stock its 19th largest position. Leavell Investment Management Inc.’s holdings in Home Depot, Inc. (The) were worth $7,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HD. Ledyard National Bank raised its stake in Home Depot, Inc. (The) by 13.7% during the first quarter. Ledyard National Bank now owns 48,922 shares of the home improvement retailer’s stock worth $7,183,000 after buying an additional 5,888 shares during the last quarter. Round Table Services LLC acquired a new position in Home Depot, Inc. (The) in the first quarter valued at $208,000. Sabal Trust CO lifted its holdings in Home Depot, Inc. (The) by 4.2% in the first quarter. Sabal Trust CO now owns 7,214 shares of the home improvement retailer’s stock valued at $1,060,000 after buying an additional 293 shares during the period. Sanders Morris Harris Inc. lifted its holdings in Home Depot, Inc. (The) by 4.1% in the first quarter. Sanders Morris Harris Inc. now owns 5,135 shares of the home improvement retailer’s stock valued at $754,000 after buying an additional 200 shares during the period. Finally, University of Texas Investment Managment Co. acquired a new position in Home Depot, Inc. (The) in the first quarter valued at $132,000. Hedge funds and other institutional investors own 71.39% of the company’s stock.

Shares of Home Depot, Inc. (HD) traded up 0.46% during trading on Tuesday, hitting $164.77. The stock had a trading volume of 1,487,230 shares. The firm has a market cap of $194.23 billion, a PE ratio of 23.71 and a beta of 1.07. The stock has a 50 day moving average of $155.47 and a 200 day moving average of $152.97. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $165.15.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter last year, the company posted $1.97 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that Home Depot, Inc. will post $7.33 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.89 per share. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a yield of 2.17%. Home Depot, Inc. (The)’s dividend payout ratio is presently 51.15%.

In other news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,717 shares of company stock valued at $8,916,321. Company insiders own 0.26% of the company’s stock.

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Several research firms have recently weighed in on HD. Jefferies Group LLC reissued a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Monday, July 24th. Sanford C. Bernstein restated a “market perform” rating and set a $152.00 target price on shares of Home Depot, Inc. (The) in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. set a $178.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Wedbush reaffirmed a “market perform” rating on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $172.38.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Institutional Ownership by Quarter for Home Depot, Inc. (The) (NYSE:HD)

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